While most research has focused on the benefits of peer leadership programs, there is limited research examining potential risks for peer leaders. This study examined stress in academic support peer leaders. Findings indicated that peer leaders experienced less depression, vulnerability and perceived stress, while reporting higher levels of belonging and support (academic, financial, and peer) when compared to non-peer leaders, students employed off-campus and unemployed students. While the demands facing peer leaders are substantial, these findings suggest that there are aspects of peer leadership that mitigate the adverse effects of these challenges and help develop adaptive coping strategies.